On Investing and Collecting Fine Art

(Epoch Times) – Torkom Demirjian is the president and founder of Ariadne Galleries on the Upper East Side. He has been a dealer of ancient art since 1972. Demirjian is known in his field for his sense of history, grounding in the marketplace, and aesthetic judgment.

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Epoch Times: How stable is fine art as an investment?

Mr. Demirjian: From the point of view of investments, nothing beats antiquities. It is truly the only one internationally transactable from one part of the world to another, from South America to Japan, and all of Europe. It is equivalent to gold bars, [it’s like] you are investing in a pot of gold.

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Epoch Times: Where do you see the market going in the next five years?

Mr. Demirjian: Contemporary, impressionist, new art, has to come down very significantly in value, and antiquities have to go up significantly. We can’t have the disparity. [Antiques] is the basis of art and creativity. It has been undervalued for too long.